Help me slove these Questions with explanation and answer. Thank you

PART-I Question. [40 points] Novidville has two vaccine producers, Figerma (F) and Mogerma (M). In a game, each producer must choose either to advertise or not to advertise its vaccine. Kitcoin (i) is the only currency in ciculation in Novidville. The profit of each vaccine producer, in Kitcoins, is listed on the payoff matrix below. The goal of each producer is to collect as many Kitcoins as possible by playing this game. Does a Nash equilibrium exist for this game? If so, identify the Nash equilibrium and justify your answer. If not, explain why a Nash Equilibrium does not exist for this game. Mogerma (M) Don't Advertise advertise Advertise F: 6K F: 7K Figerma (F) M: 1k M: 10k Don't F: 5k F: 9k advertise M: 4K M: 8k PART-II Question. [40 points] Suppose you are a consultant for a monopoly firm that asks for an assessment of its pricing policies in the short run. What would you recommend in terms of price changes (raise, cut, or stay put) in each of the following situations (a through d): a. MR = $2100; MC = $250; and AVC = $290 b. P = $275; MR = $260; MC = $250; and AVC = $260 c. MR = $2100; MC = $2150; and AVC = $290 d. MR = $2100; MC = $2100; and AVC = $290 [Note: P = price; MR = marginal revenue; AVC = average variable cost; MC = marginal cost]